Retirement Visa Deposit

[midgeley20]

Hi I've been reading this forum for a few months now and found the posts really useful (and entertaining) so I thought I'd join and ask for help.

Does anyone know if the formula for working out the % reduction on the 800,000 B figure needed in a Thai bank if I have a monthly income under 65,000 B. ie if I had a monthly income (for instance) of 30,000 B would the required deposit drop to 400,000 ish? I went to immigration in CM today and was told I had to deposit 800,000 B even though I tried to explain I had a monthly UK pension and wanted to know if the deposit in a Thai bank would be reduced. Any help and clarification on the retirement visa situation in general and this particular aspect in particular would be most gratefully received.

[Sophon]

Hi I've been reading this forum for a few months now and found the posts really useful (and entertaining) so I thought I'd join and ask for help.

Does anyone know if the formula for working out the % reduction on the 800,000 B figure needed in a Thai bank if I have a monthly income under 65,000 B. ie if I had a monthly income (for instance) of 30,000 B would the required deposit drop to 400,000 ish? I went to immigration in CM today and was told I had to deposit 800,000 B even though I tried to explain I had a monthly UK pension and wanted to know if the deposit in a Thai bank would be reduced. Any help and clarification on the retirement visa situation in general and this particular aspect in particular would be most gratefully received.

800,000 baht

-360,000 baht pension (12x30,000)

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440,000 baht required in bank

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You should really post questions like this in the Thai visa subforum where all the experts are. You will get much better responses.

Sophon

[midgeley20]

Just a newbie, sophon but it seemed a good answer from yourself thanks As well as the general enquiry I was interested to know if anyone had the same response from CM immigration as I did or maybe the lady just didn't understand my question

[Steve2UK]

Just a newbie, sophon but it seemed a good answer from yourself thanks As well as the general enquiry I was interested to know if anyone had the same response from CM immigration as I did or maybe the lady just didn't understand my question

Mileage varies, but I suspect that she didn't understand your question - thinking that you were asking what the choices are (i.e. all income or all deposit - as opposed to a mix). The calculation Sophon showed is correct but CM Immigration still like to see a decent amount (which I gauge to be, say, 10-20,000 or so) in your Thai bank account even if you're getting the extension based totally on income. My guess is that having the 440,000 in your bank would be a "decent" amount - but maybe better to overshoot with a margin of, say, 10,000?

As Sophon said - better to ask the wise veterans in the visa sub-forum.